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What is libscomb cash cycle

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Libscomb Technologies' annual sales are $5,151,127 and all sales are made on credit, it purchases $3,936,421 of materials each year (and this is its cost of goods sold). Libscomb also has $525,839 of inventory, $532,456 of accounts receivable, and beginning and ending of year $456,751 and $450,111 accounts payables (respectively). Assume a 365 day year.

Problem 1: What is Libscomb's Cash Cycle (in days)?

Reference no: EM132721861

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